Subject: File No. S7-14-08
From: Allen Readinger
Affiliation: Financial Planner

September 3, 2008

-My name is Allen Readinger and I have been living and working in the Reading, PA area all my life. For the last ten years, as a Financial Planner, I have been helping clients to keep their investments safe. One of tools that I use to do this is an indexed annuity.

Under the current proposed rule of 151A, File Number S7-14-08, the SEC would require most indexed annuities to be registered under federal securities laws. This means that the annuities which are already regulated by the individual states, would be subjected to dual regulation and would make it much more difficult for us to do business and help clients. Many state insurance commissioners, trade organizations and financial planners have already sent letters requesting an extension for the comment period to allow more time for discussion and to get a comprehensive look at the repercussions of this proposed rule. Therefore, I am asking that the SEC extend the period of time allowed for comment.